On October 21, 1995, by Executive Order 12978, the President declared a
national emergency pursuant to the International Emergency Economic Powers
Act (50 U.S.C. 1701-1706) to deal with the unusual and extraordinary threat
to the national security, foreign policy, and economy of the United States
constituted by the actions of significant narcotics traffickers centered in
Colombia, and the extreme level of violence, corruption, and harm such
actions cause in the United States and abroad.

Because the actions of significant narcotics traffickers centered in
Colombia continue to threaten the national security, foreign policy, and
economy of the United States and to cause an extreme level of violence,
corruption, and harm in the United States and abroad, the national
emergency declared on October 21, 1995, and the measures adopted pursuant
thereto to deal with that emergency, must continue in effect beyond October
21, 2008. Therefore, in accordance with section 202(d) of the National
Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the
national emergency with respect to significant narcotics traffickers
centered in Colombia. This notice shall be published in the Federal
Register and transmitted to the Congress.